Inflation rate falls to 3.4 per cent

The UK inflation rate continued to fall in February, thanks largely to lower gas and electricity bills.

Consumer Prices Index (CPI) inflation fell to 3.4 per cent in February, down from 3.6 per cent in January, Office for National Statistics (ONS) figures showed,

Inflation has been falling steadily since September and the CPI rate is now at its lowest since November 2010.